Initial ports data for September suggests cargo volumes have already started to
drop ahead of the Chinese holidays in October, confirming the weak peak season
trend this year.
Container volumes fell month on month across the 4 main Far East ports that have
published their September volumes so far at Shanghai, Singapore, Shenzhen and
Hong Kong, with the falls ranging from -2.8% to -4.5%. Despite the reduced MoM
volumes, they were mostly still ahead of the same period last year with Shenzhen
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